Jay Jacobs’ business collected $6M in PPP loans, donated to Cuomo, Hochul

The state Democratic Committee boss quietly collected $6.1 million in federal pandemic relief loans for various businesses he runs — but these businesses donated $54,000 over the same period to campaigns of Govs. Hochul and Cuomo, show records.

Jay Jacobs — who is facing calls to resign from predominantly progressive members of his own party because of state Democrats’ poor showing in last week’s elections — has owned or been the top executive for at least 11 businesses, including several summer camps in New York and Pennsylvania, that secured a combined $2,919,844 in Paycheck Protection Program loans for 2020 and another $3,194,596 last year, records show . The money was used to pay the salaries of hundreds of full-time staff.

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Despite seeking taxpayer help to operate during the pandemic, Jacobs’ businesses – which include Timber Lake Camp in upstate Shandaken, NY and Tyler Hill Camp in Pennsylvania – have found enough disposable cash to donate $40,000 and $14,000, respectively, to the campaigns of longtime allies Hochul and Cuomo in 2020 and 2021, state records show.

Picture by Jay Jacobs.

Jay Jacobs has endorsed Gov. Kathy Hochul for Governor of NY State.

Picture of Jay Jacobs shaking hands with US Senate Democratic leader Chuck Schumer.

Jacobs and Senate Democratic Leader Chuck Schumer greet each other during the midterm election night.

Some Democrats have asked the US Small Business Association, which oversees the PPP program, to investigate whether Jacobs misused the loan.

“If this is true, it’s completely disingenuous,” said state Sen. Jessica Ramos (D-Queens). “If you’re really going through a hard time, then you don’t have money to donate to your favorite political candidates.”

Jacobs denied that any of the loan money went to campaign funds for his political partners.

Aerial view of Timber Lake Camp in Shandaken state, NY

Timber Lake Camp in upstate Shandaken, NY is one of several businesses that received PPP money.

Tyler Hill Camp in Pennsylvania is another Jacobs business that has donated to political campaigns.

Tyler Hill Camp in Pennsylvania is another business run by Jacobs.

“Any implication that PPP money was used for campaign contributions is proven and factually untrue – both in relation to the timing of receipt, and the fact that the PPP loan was reviewed by the SBA and verified that they went for the intended purposes. for,” Jacobs said.


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